Between Black Friday and Cyber Monday, there is one day each year that is dedicated to selflessness. GivingTuesday, which this year is November 30 this year, is an opportunity to express your generosity right at the start of the holiday season. If you are thinking about participating in GivingTuesday 2021, find out about the intangible and tangible gifts you could receive in return.
charitable giving
Under the new tax bill, many itemized deductions were greatly reduced or completely eliminated. The deduction for charitable contributions is still intact, and the limitation increased to 60% of AGI, but with the loss of deductions and the increased standard deduction, many taxpayers will no longer itemize. That could mean a significant decrease in charitable giving.
01/16/2018 Read more